Osborne keeps door open on scrapping FSA

When asked if scrapping the City regulator was now completely off the Government's radar, Osborne said the coalition was "still discussing all the options". In its policy document today, the Government said the Bank of England (BoE) will assume control of macro-prudential regulation but will only "oversee" micro-prudential governance, suggesting the FSA will continue with its existing supervisory powers. But Osborne's remarks suggest its future remains uncertain. Last July, then shadow Chancellor George Osborne said a Conservative government would abolish the FSA and hand regulatio...